What Proteus Consulting LLP does

Proteus Consulting LLP is a UK-based financial-technology and actuarial consultancy that develops the Proteus Scenario Generator (PSG), a cloud-native economic and risk scenario generator aimed at (re)insurers and financial institutions. Founded and led by James Norman, Wee Shen Teo, and Tim Munn — partners with prior tenures at Aon, Moody's (formerly Barrie and Hibbert), Aviva, WTW, Aspen Insurance, RPC Consulting, and the UK FSA — the firm concentrates on coherent real-world economic scenario generation, multi-asset-class coverage (including a Prepayable Bonds asset type for MBS/CMO), and domain-specific risk drivers (Geopolitical Risk Index, with a Climate driver planned).

The PSG runs on a highly performant cloud compute engine, producing scenarios with seconds-level runtimes and stable calibration output, and is accessed via PROMPT, a centralized web hub introduced in August 2025. Supporting modules include the Proteus Correlation Toolkit (PCT) for correlation matrix analysis, healing, and validation, and a File Browser for downloading simulation outputs. The platform integrates with Azure Storage Explorer for advanced output management and is offered via a self-serve free trial alongside a dedicated enterprise demo-and-implementation motion.

Proteus operates a hybrid GTM combining a product-led-growth free-trial funnel with enterprise field sales targeting large (re)insurers and financial institutions; named customers include Lloyd's of London, Aviva, AIG, Hiscox, and Swiss Life, with stated use cases spanning actuarial and financial modeling transformation, risk and capital management, and geopolitical-risk quantification. Pricing is subscription-based on the cloud SaaS platform, with freemium entry and credit-card-free trial; specific tiers and rates are not publicly disclosed. The firm is founder-owned, with no external institutional funding or parent company indicated in the available data.

Name

Proteus Consulting LLP

Legal name

Proteus Consulting LLP

Website

https://proteusllp.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Proteus Consulting LLP is a UK firm that operates the Proteus Scenario Generator, a cloud-based economic and risk scenario platform serving (re)insurers and financial institutions with seconds-level runtimes, coherent shock modeling, and domain-specific risk drivers including geopolitical and (planned) climate risk.

Ownership category

akta.pro rank

Product category

Risk Modeling Software

NAICS

Computer Systems Design Services (541512), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Management Consulting Services (8742)

akta.pro primary industry

Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK)

Keywords

• Economic scenario generation
• Risk modeling software
• Actuarial software
• Cloud scenario generator
• Financial risk analytics

Headquarters

HQ city

Saffron Walden

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Proteus Scenario Generator (Cloud-based SaaS): Subscription-based access to cloud compute engine providing economic and risk scenario generation. Free trial available for initial user onboarding with conversion to paid subscription for full production use.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Proteus Consulting LLP develops and operates the Proteus Scenario Generator (PSG), a cloud-based economic and risk scenario generation engine for the insurance and financial services industry. The platform is accessed via PROMPT (Proteus Modelling Platform) and is complemented by the Proteus Correlation Toolkit (PCT) for correlation matrix analysis, healing, and validation, serving (re)insurers and financial institutions with risk modelling, capital management, and actuarial workflows.

Product overview

Proteus Consulting LLP offers a platform-plus-modules product architecture. The core offering is the Proteus Scenario Generator (PSG), a cloud-based economic and risk scenario generator that runs on a highly performant cloud compute engine, delivering second-level runtimes and stable calibration across major asset classes including equities, fixed income, and prepayable bonds. Access to all applications is unified via PROMPT (Proteus Modelling Platform), a centralized hub providing an intuitive interface for discovering and launching services. Supporting modules include the Proteus Correlation Toolkit (PCT) for correlation matrix analysis, healing, and validation, and the PSG File Browser for managing simulation outputs. The platform's risk modelling capabilities are extended through specialized risk drivers including geopolitical risk (GPR/GPRH index) and a forthcoming climate driver.

Differentiator

Problem solved

Functional benefit

Products and services

• Proteus Scenario Generator (PSG) A cloud-based economic and risk scenario generator built on a highly performant cloud compute engine, producing scenarios across major asset classes with second-level runtimes, stable calibration output, and greater control on mean path generation. Used by (re)insurers and financial institutions for risk modelling, capital management, and actuarial workflows.
• PROMPT (Proteus Modelling Platform) A centralized hub platform providing intuitive access to all Proteus applications and tools, including the Proteus Scenario Generator, enabling users to discover and launch services from a single interface.
• Proteus Correlation Toolkit (PCT) An advanced toolkit for correlation matrix analysis, healing, and validation, using cutting-edge algorithms that enable financial modelling users to complete and repair correlation matrices with confidence.

Quantifiable outcome

• Runtimes in seconds for economic scenario generation
• +1 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• MSCI: MSCI offers risk factor models, BarraOne, and broader ESG/credit analytics used by (re)insurers and asset managers. It competes with Proteus in scenario generation and risk modeling as part of a much wider data and analytics portfolio.
• FIS (including former SunGard analytics): FIS offers risk and performance solutions used by insurers and asset managers, including ALM and capital adequacy tools inherited from SunGard. It competes with Proteus in broader insurance risk technology stacks.
• Willis Towers Watson (WTW): WTW offers actuarial and risk consulting plus software (e.g., STAR) used by (re)insurers. Founder James Norman's prior STAR development at WTW makes this a comparable incumbent in actuarial modeling tooling.
• Aon: Aon's Strategy & Technology Group delivers actuarial and risk modeling implementation for clients including Lloyd's, Aviva, AIG, and Swiss Life (per founder Tim Munn's tenure). Aon is both a likely prospect competitor and a talent feeder to Proteus.

Others

• Bloomberg (Bloomberg PORT and Risk Analytics): Bloomberg provides market data, analytics, and PORT risk tooling used by asset managers and (re)insurers. While broader and not a direct scenario generator, it is a comparable data-and-modeling platform in the same buyer workflows.

Direct peers

• Numerix: Numerix provides market and credit risk analytics across derivatives, structured products, and insurance. Its quantitative risk platform overlaps with Proteus's PSG capabilities around asset class modeling and risk scenario generation.
• Ortec Finance: Ortec Finance specializes in investment decision-making and risk modeling software for pensions and insurers, including economic scenario generation. As a similarly sized specialist, it competes head-to-head with Proteus in the (re)insurance risk modeling niche.
• Conning: Conning provides GEMS economic scenario generator and other insurance investment risk software. As a specialist vendor to (re)insurers and pension funds, Conning is a direct competitor to Proteus's PSG.
• Moody's (Moody's Analytics / Barrie and Hibbert / ALFA): Moody's acquired Barrie and Hibbert (where founder James Norman previously led), and its RiskFrontier/ALFA economic scenario generators are the dominant on-prem ESGs used by large (re)insurers. Proteus positions PSG as a cloud-native alternative to these flagship ALFA-class tools.
• Milliman: Milliman sells FRM (Financial Risk Manager) and related actuarial/risk software widely used by insurers for ALM and economic scenario generation. Proteus's PSG competes in the same economic scenario generation workflow for insurers and pension funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/proteus-consulting-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Proteus Consulting LLP